Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assuming customers order in relatively predicted cycles, this is the stock necessary to fill orders through the time cycle. The cycle may be determined by
Assuming customers order in relatively predicted cycles, this is the stock necessary to fill orders through the time cycle. The cycle may be determined by a number of factors. Two key factors may include the time necessary to produce the product plus the transit time required to transport the freight to the customer. Suppose it takes 5 days to produce after an order is placed. In addition, it takes 4 days to transport because the carrier utilizes intermodal services to reduce transportation costs. In such a case, the producer would need __ days of inventory to satisfy customer demand from the time the shipment arrives until the next one arrives. a. 8 b. 9 c. 4 d. 5 e. None of the options
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started